Avnet CFO Kenneth Jacobson Sells 6,844 Shares

What Happened Kenneth A. Jacobson, Chief Financial Officer of Avnet, reported a grant and a subsequent disposition. On 2026-09-14 he was awarded 4,991 performance stock units (acquired at $0). On 2026-09-15 he disposed of 6,844 shares to the issuer at $92.75 per share, generating gross proceeds of $634,781. The award consists of performance stock units earned under Avnet’s long-term incentive plan.

Key Details

• Transaction types & dates: Award (A) — 4,991 shares on 2026-09-14; Disposition to issuer (D) — 6,844 shares on 2026-09-15.
• Price & value: Disposition price $92.75 per share; total proceeds $634,781. (Footnote F3: all shares in this transaction were sold at $92.75.)
• Footnotes: F1 = performance stock units under long-term incentive plans; F2 = filing notes 59,247 performance-based shares earned but not yet vested.
• Shares owned after transaction: Not specified in the provided details; the filing notes 59,247 unvested PSUs remain.
• Filing timeliness: Not indicated in the provided information.

Context The filing shows a standard award of performance-based shares followed by a disposition reported as “to the issuer.” Dispositions to the issuer commonly reflect shares surrendered back to the company (often to satisfy tax withholding on vested awards), but the Form 4 itself does not state the insider’s motivation. This activity combines a compensation grant (acquisition) and a sale/disposition rather than an open-market purchase.